Posts Tagged ‘Glossary – Trusts and Foundations – General Terms’

The number of letters and spaces (!) allowed in a specific section of a funding application.   

The number of words allowed in a specific section of a funding application (or an application overall)

This means that rather than inviting applications from charities, charitable trusts do their own research into the causes they wish to fund.   Most will not accept unsolicited applications.

Applications which are not welcomed, invited or asked for.   If a trust states that they ‘don’t accept unsolicited applications’ then they only way you can apply is usually via a personal connection.  If your activities fit their criteria incredibly closely, you could try a short eligibility enquiry (which recognises their policy and accepts that there…

A pre-application enquiry to determine whether or not a charity is eligible to make an application to a trust or foundation. It’s similar to an Expression of Interest in that it’s a pre-application but usually a fundraiser instigated action, via a phone call, email or short letter.

A pre-application process, the format of which is dictated by the trust or foundation. An EOI helps trustees to pre-screen eligible organisations before they set about writing an application.  Usually the preserve of larger trusts, they will set out instructions for how to complete and send an expression of interest on their website. 

A person with responsibility for deciding how assets in a charitable trust are to be distributed to beneficiaries

An individual who establishes a charitable trust, by transferring assets to the trustees Living settlors are likely to also be trustees.

Similar to a charitable trust but closer in structure to a company. This article explains the differences between trusts and foundations (which are subtle, numerous and too complicated for my brain at this time of the morning…)

A vehicle for philanthropy, wealth management and succession (legacy) planning Assets are placed in a trust by a settlor with proceeds going towards charitable beneficiaries (as decided by the settlor and trustees).